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Detroit-Warren-Livonia, MI

Detroit-Warren-Livonia, MI
Q2 2011 - Market Summary

The near-term demand for health care workers in the Detroit metro area fell slightly during Q2. Of note, Both Beaumont and Henry Ford Health Systems announced their first raises since 2008. Aslo, Vanguard announced that it will soon begin to spend some of the $850 million it promised for 20 projects including a new tower at DMC’s Children’s Hospital of Michigan.

On a comparative basis, the Detroit health care labor market remained slightly weaker than much of the rest of the country. Its Q2 LMPI score of 45.8, down 6% from the prior quarter, was just lower than the national composite of 49.9, down 3% from the prior quarter.



Q2 Workforce Announcements

Henry Ford, Beaumont workers to get pay raises. June 16, 2011
Two Metro Detroit health systems next month will give about 40,000 employees their first raises since 2008. Both Beaumont Health System and Henry Ford Health System say they can reward employees because their financial health has improved after the economic downturn.
http://www.detnews.com/article/20110616/BIZ/106160344/Henry-Ford–Beaumont-workers-to-get-pay-raises

DMC under Vanguard: New construction, new efficiency review - and new meetings. May 8, 2011
Beginning this year, Vanguard will start to spend some of the $850 million it promised in about 20 projects, including a new tower at DMC’s Children’s Hospital of Michigan, a new DMC Cardiovascular Institute for Harper University Hospital and Hutzel Women’s Hospital and expansion of the emergency department at Sinai-Grace Hospital.
http://www.crainsdetroit.com/article/20110508/SUB01/305089989/dmc-under-vanguard-new-construction-new-efficiency-review-8212-and-new-meetings

Previous market news

Hospitals and Health Systems

Source: US News & World Report

Education Program Expansion and Closures

No notable education program expansions and closures announced during Q2 2011.

Education Programs

Source: The Integrated Postsecondary Education Data System

Health of the Local Economy

Declining home prices may cause healthcare employees to seek additional hours from current employers, delay retirement plans and be more willing to relocate for a better job opportunities. Below is the Case-Shiller Home Price Index for the overall Detroit-Warren-Livonia, MI market.

Source: http://www2.standardandpoors.com accessed 7/7/2011

Lower home ownership rates reduce the impact of home price fluctuations and increase the willingness of healthcare employees to relocate for better job opportunities. Below are home ownership rates for the overall Detroit-Warren-Livonia, MI market.

Source: www.census.gov accessed 7/7/2011

The recent rising unemployment rates create new demands for health services. Higher unemployment shifts the mix away from higher margin procedures to more primary care in the emergency room and critical care for conditions that should have been treated early at a primary care physician. In general, rising unemployment also reduces turnover and engagement of employed workers, while low unemployment tends to increase intra market churn. Below are unemployment rates for the overall Detroit-Warren-Livonia, MI market.

Source: www.bls.gov accessed 7/7/2011

Additional Factors Influencing HWS Labor Market PulseTM Index

  • U.S. Census Bureau Population 4,425,110 #11 largest market
  • U.S. Census Bureau Population 167th oldest market
  • U.S. Census Bureau Population Growth -.6%, #318 fastest growing market


   

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